Early Exercise Price Trigger

Derivatives
Early Double Knock-Out Option
August 16, 2022
Derivatives
European Futures Option
August 16, 2022

A provision which is typically attached to a CAPS option, whereby it terminates before expiration date and is settled at the maximum level hit by the underlying index as soon as that index reaches or breaks through a pre-determined outstrike price at any point during the option’s life.

It is alternatively referred to as a trigger option.

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